A couple of TA indicators that I used for this are Trendline, Elliott Wave-Fibonacci, RSI, MACD and Moving Average (8,13,21 and 55). As we recall, DGD stayed strong against global hit on BTC. At its peak, DGD was worth more than $500. Since then, it has been cooling down and did not respond to the recent bull run in the crypto space. However, these are silver linings for DGD supporters as it is approaching the best buy in time. In the last few days, the market has been moving sideway at 0.786 Fib Level and just broke downward today (5/5/18 AUS Time). Now, both MACD and RSI are indicating a bearish price momentum across swing trade time frames (45min to 3 hour). It is expected that the market could be heading toward its strongest support level at 0.021896 which DGD bounced back twice in early this year. The intercept of upper and lower trendline also show an indication at this level. How likely DGD will hit to its expected bottom, time will tell but laddering within the range 0.026770 - 0.021896 as the market could bounces back anytime within this range.
Disclaimer
I am not a professional financial adviser. This should not be used for your trading actions but rather a contribution of knowledge to the community.
Commento:
DGD is now mooning!!!
